Sweden Scraps 100% Renewable Energy Goal For More Reliable Nuclear Power
Authored by Mike Shedlock via MishTalk.com,
There’s a surge of common sense in Sweden that’s horribly lacking in the US. Congrats to Sweden for voting in favor of nuclear energy and scrapping a 100% renewable goal.
NetZero image from Tweet below.
Reuters reports Swedish parliament passes new energy target, easing way for new nuclear power.
Sweden’s parliament on Tuesday adopted a new energy target, giving the right-wing government the green light to push forward with plans to build new nuclear plants in a country that voted 40 years ago to phase out atomic power.
Changing the target to “100% fossil-free” electricity, from “100% renewable” is key to the government’s plan to meet an expected doubling of electricity demand to around 300 TwH by 2040 and reach net zero emissions by 2045.
The coalition plans to cut the bio-fuel mix in petrol and diesel, leading to bigger CO2 emissions, a move that could mean Sweden missing 2030 emissions goals.
Proposals by Sweden to allow countries to prolong subsidies for standby coal power plants have also been met concern in the EU, while Stockholm also wanted Brussels to water-down a landmark law to restore deteriorating natural habitats.
Those are all common sense measures. Here is a set of Tweets on the subject.
Sweden has abandoned its “100% renewable” energy target in favour of adopting a technology-neutral Net Zero policy in order to create the conditions for nuclear power. “We need a stable energy system”, the finance minister said.#CostOfNetZero
— Net Zero Watch (@NetZeroWatch) June 22, 2023
👉https://t.co/pKQBcCwHSm pic.twitter.com/baZYGhC4Zd
Sweden ditching wind, going nuclear.
— Mark Hubbard (@MarkHubbard33) June 25, 2023
Great time to be invest(ed) in uranium and small nuke reactors.
Rest of West has to following: renewables were a $5 trillion malinvestment. All politicians involved in the destruction of our standards of living over this nonsense must go. https://t.co/6UxX8wtvrB
Trump Takes Aim at EVs
Trump takes aim at EV industry during speech to Michigan Republicans https://t.co/AJmFXfly7I
— John Lounsbury (@jlounsbury59) June 26, 2023
The Ever Growing Trillions of Dollars Per Year Demands to Fight Climate Change
On June 23, I commented on The Ever Growing Trillions of Dollars Per Year Demands to Fight Climate Change.
The Cost of Solidarity
An expert group under the auspice of the UN estimates that investments have to reach the order of $1 trillion per year until 2030 to respond to the climate and biodiversity crisis.
Oxfam estimated that $3.9 trillion per year will be needed over the same time period to fight poverty, inequality and climate change.
The World bank estimated that it takes $4 trillion per year to build the infrastructure for this.
The cost of this “easy to make” vision is $1 trillion per year for the biodiversity crisis, plus $3.9 trillion per year to fight poverty and inequality, plus $4 trillion per year for the infrastructure. That’s a mere $8.9 million per per year until 2030, a 7-year cost of $62.3 trillion.
Energy Policy Madness
In the US, Biden’s Energy Policy Mandates Cause Severe Shortage of Electrical Steel and Transformers
In California, California Utilities Seek to Charge People Based On Income, Not Energy Usage
Also in California, Oakland Teachers Strike in 5th Day Over Climate Justice, Homeless Housing, Reparations
Finally please consider Ford Gets a $9.2 Billion Cheap Government Loan With Inflationary Strings Attached
In response, a friend just pinged me with this comment: “This is colossally, stupid public policy. The government should not get involved in determining what is the best approach to electric vehicles. It should set standards and let the free enterprise system work it out.”
Unfortunately, it appears Biden pledged 0.7 percent of US wealth for global inequities.
Fortunately, the money isn’t flowing. But it would have if Democrats held the House, Senate, and White House.
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